Investor Presentaiton

Results by Business / Networks EBITDA EUR 1,608.0 M (-1.5%): SPAIN BRAZIL UNITED STATES RESULTS PRESENTATION / 2022 EBITDA decrease due to net impact of both positive and negative regulatory and legal issues. EBITDA BRL 10,524.3 M (+13.1%): Growth driven mainly by tariff adjustments in Distribution. EBITDA IFRS USD 1,988,0 M (+34.4%): USD +550 M positive one-off linked to NY Order that allows the accrual of certain regulatory assets, driving increased stability in future revenues. USD +117 M due to higher investments and tariffs. EBITDA US GAAP USD 1,733.0 M (+10.1%). UNITED KINGDOM EBITDA GBP 932.0 M (+3.0%): Higher asset base. IBERDROLA www.iberdrola.com |23

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